Tesla is maintaining an upward trajectory, initially many expected it to unravel at some point but it that never happen. It is now an established brand that managed to do what it needed to do very well. Startups are hard to succeed with but with the finances, a plan and good people it worked out.
Going back over the last three years, we see how deliveries have progressed. The only quarterly drops in previous quarters from 2019 forward were in Q2 2022 and Q3 2023 but overall that's a good outcome. As the numbers increase, constant quarterly increases will aturally become fewer.
Q4 2023 deliveries were up 16% on the previous year's Q3 figure (production 11%). Deliveries for 2023 were 1,808,500 which compares with 1,313,850 for the equivalent period in 2022. So is the prognosis good?
Global sales were well up in 2023, that may have papered over some cracks. Electric car sales are stalling in many regions and some manufacturers have dropped prices to maintain their production volume. Global sales also have softened as 2024 approached. The new year looks like it may be challenging.
Data source: Tesla.
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